Marshall Wace LLP Has $23.16 Million Stake in Amphenol Co. (NYSE:APH)

Marshall Wace LLP lifted its position in shares of Amphenol Co. (NYSE:APH) by 163.2% during the 4th quarter, Holdings Channel reports. The firm owned 333,518 shares of the electronics maker’s stock after purchasing an additional 206,817 shares during the quarter. Marshall Wace LLP’s holdings in Amphenol were worth $23,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Tacita Capital Inc lifted its position in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol during the 4th quarter worth about $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Up 0.6 %

Shares of NYSE APH opened at $65.13 on Friday. The stock has a market capitalization of $78.93 billion, a P/E ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. The stock’s fifty day moving average is $65.39 and its 200 day moving average is $68.73. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

Several research firms have weighed in on APH. Citigroup lowered their price target on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reduced their price target on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.40.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.